10,500 Shares in GoDaddy Inc. (NYSE:GDDY) Bought by Hel Ved Capital Management Ltd

Hel Ved Capital Management Ltd purchased a new stake in GoDaddy Inc. (NYSE:GDDY) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 10,500 shares of the technology company’s stock, valued at approximately $2,072,000.

Several other institutional investors have also added to or reduced their stakes in GDDY. Quent Capital LLC raised its stake in GoDaddy by 4.4% in the 4th quarter. Quent Capital LLC now owns 1,259 shares of the technology company’s stock worth $248,000 after acquiring an additional 53 shares during the last quarter. Lake Street Advisors Group LLC increased its holdings in shares of GoDaddy by 4.7% in the fourth quarter. Lake Street Advisors Group LLC now owns 1,433 shares of the technology company’s stock valued at $283,000 after purchasing an additional 64 shares during the period. New York Life Investment Management LLC raised its stake in shares of GoDaddy by 0.4% in the fourth quarter. New York Life Investment Management LLC now owns 18,785 shares of the technology company’s stock worth $3,708,000 after purchasing an additional 71 shares during the last quarter. Metis Global Partners LLC boosted its position in GoDaddy by 1.1% in the fourth quarter. Metis Global Partners LLC now owns 6,557 shares of the technology company’s stock valued at $1,294,000 after buying an additional 74 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in GoDaddy by 13.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 742 shares of the technology company’s stock worth $146,000 after buying an additional 88 shares during the period. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Price Performance

NYSE:GDDY opened at $164.34 on Friday. The stock has a 50 day moving average of $186.96 and a two-hundred day moving average of $184.82. GoDaddy Inc. has a 12 month low of $119.76 and a 12 month high of $216.00. The firm has a market cap of $23.23 billion, a P/E ratio of 25.48 and a beta of 1.25. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.01). GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. On average, analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Insider Buying and Selling at GoDaddy

In related news, CFO Mark Mccaffrey sold 5,500 shares of GoDaddy stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $179.85, for a total transaction of $989,175.00. Following the transaction, the chief financial officer now owns 115,375 shares in the company, valued at approximately $20,750,193.75. This trade represents a 4.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Brian Sharples sold 500 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $207.70, for a total value of $103,850.00. Following the transaction, the director now directly owns 22,621 shares in the company, valued at $4,698,381.70. This trade represents a 2.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,480 shares of company stock worth $3,643,589. Insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Benchmark upped their price objective on shares of GoDaddy from $200.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Wells Fargo & Company started coverage on GoDaddy in a research report on Monday, February 3rd. They set an “equal weight” rating and a $198.00 price target on the stock. StockNews.com downgraded GoDaddy from a “buy” rating to a “hold” rating in a research note on Monday, February 17th. Citigroup upped their price objective on GoDaddy from $240.00 to $251.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Finally, Raymond James boosted their target price on shares of GoDaddy from $185.00 to $230.00 and gave the company a “strong-buy” rating in a research note on Tuesday, January 21st. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, GoDaddy currently has an average rating of “Moderate Buy” and an average target price of $213.20.

GoDaddy Company Profile

GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.